TVS Motor to release bikes developed with BMW in 2015

CHENNAI (Reuters) - TVS Motor Co Ltd will release motorcycles developed with BMW AG's motorcycle unit in 2015, TVS Chairman Venu Srinivasan said on Monday.

TVS and BMW Motorrad announced a long-awaited cooperation agreement earlier on Monday in a deal that see the companies jointly develop a series of new motorcycles as TVS looks to stem a slide in its market share.

(Reporting by Anupama Chandrasekaran; Editing by Matt Driskill)